Sultan Resources (SLZ) Q4 2025 TU earnings summary

Executive summary

• New management focused on reviewing existing resources and seeking value-accretive acquisitions.

• Systematic exploration strategy underway across priority prospects in NSW and WA.

• Withdrawal from Canadian lithium projects to focus on core Australian assets.

Significant events and developments

• Board changes: Lincoln Liu and Mark Mitchell appointed as Non-Executive Chairman and Director; Jeremy King transitioned to Non-Executive Director; two directors resigned.

• Non-renounceable entitlement offer raised $148,068, with a shortfall of 201.9 million shares available for placement.

Financial highlights

• Cash position at 30 June 2025 was approximately $96,000.

• Exploration and evaluation expenditure during the quarter was ~$79,000.

• Net cash used in operating activities for the quarter was $(43,000); net cash used in investing activities was $(79,000).

• Net cash from financing activities was $318,000 for the quarter.